Procap Financial Sees Unusually High Options Volume (NASDAQ:BRR)

Procap Financial, Inc. (NASDAQ:BRR) was the recipient of some unusual options trading activity on Thursday. Investors bought 12,432 call options on the company. This represents an increase of approximately 677% compared to the average daily volume of 1,601 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Procap Financial in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Procap Financial Trading Up 4.5%

Shares of BRR traded up $0.10 during mid-day trading on Thursday, reaching $2.19. The company’s stock had a trading volume of 691,435 shares, compared to its average volume of 899,805. Procap Financial has a 1-year low of $1.31 and a 1-year high of $10.57. The stock has a market cap of $193.97 million and a P/E ratio of -1.08. The business has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $2.25.

Procap Financial (NASDAQ:BRR) last issued its earnings results on Thursday, August 13th. The company reported ($0.73) EPS for the quarter.

About Procap Financial

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.